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[EA] - Charles 2.1.5
The capabilities:
Checks for special volatility conditions in order to open Orders below the spike
Checks for trening condition in order to try to follow the trend when possible
Introduces the concept of Pivot, Resistances and Supports, computed every hour in order to minimize the loss of loosing orders by catching a good price retrace
Introduces the concept of Orders Basket in order to compensate loosing orders as soon as possible and minimize the Array
Exposes a lot of configuration parameters allowing to tweak out the strategy
Charles2_1_5.mq4 81.42 kb, 75 downloads since 2014-09-29
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Charles2_1_8a.mq4
Charles2_1_5.mq4 81.42 kb, 35 downloads since 2014-09-29
The capabilities:
Checks for special volatility conditions in order to open Orders below the spike
Checks for trening condition in order to try to follow the trend when possible
Introduces the concept of Pivot, Resistances and Supports, computed every hour in order to minimize the loss of loosing orders by catching a good price retrace
Introduces the concept of Orders Basket in order to compensate loosing orders as soon as possible and minimize the Array
Exposes a lot of configuration parameters allowing to tweak out the strategy
I've had some hands-on experience with Charles 2.1.5, and I must say, it's quite an interesting EA. It checks for special volatility conditions and keeps an eye on trends, which is necessary for minimizing risks in the forex market. The introduction of Pivot, Resistances, and Supports, computed every hour, helps catch those price retracements, reducing losses. Plus, the Orders Basket concept is a smart move to compensate for losing orders and minimize Array. The ability to tweak configuration parameters is also a nice touch, allowing you to customize the strategy to your liking.
Now, regarding the download count, it's surprising to see that such a capable robot has a low download count. I mean, with all the features it offers, you'd expect more traders to give it a shot. But sometimes, hidden gems like this go unnoticed. I hope more traders discover this gem and benefit from its functionalities.
I'd suggest giving Charles 2.1.5 a try, especially if you're looking for a reliable EA that can adapt to market conditions.
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